Questerre Energy (TSE:QEC) Sets New 52-Week Low – Here’s What Happened

Shares of Questerre Energy Co. (TSE:QECGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23, with a volume of 35257 shares trading hands. The stock had previously closed at C$0.24.

Questerre Energy Stock Up 8.7%

The company has a quick ratio of 2.62, a current ratio of 0.51 and a debt-to-equity ratio of 191.23. The stock has a market cap of C$113.05 million, a PE ratio of -1.14 and a beta of -0.59. The business has a 50 day moving average price of C$0.28 and a 200 day moving average price of C$0.28.

Questerre Energy (TSE:QECGet Free Report) last posted its earnings results on Friday, May 15th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$41.03 million for the quarter. Questerre Energy had a negative return on equity of 93.98% and a negative net margin of 88.15%. Equities research analysts expect that Questerre Energy Co. will post 0.06 EPS for the current fiscal year.

Insider Activity at Questerre Energy

In other news, insider Richard Tityk sold 631,606 shares of Questerre Energy stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$0.29, for a total transaction of C$183,165.74. Following the completion of the transaction, the insider directly owned 174,394 shares of the company’s stock, valued at C$50,574.26. The trade was a 78.36% decrease in their position. 4.63% of the stock is owned by insiders.

About Questerre Energy

(Get Free Report)

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids.

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